Net2Vu Licenses CodecSys(TM) to Deliver Video Services Over Lower Bandwidth
Net2Vu Licenses CodecSys(TM) to Deliver Video Services Over Lower Bandwidth
Convergence of Internet Video and Broadcast Programming accelerated with CodecSys(TM)
SALT LAKE CITY, April 7/PRNewswire-FirstCall/ -- Net2Vu, innovative leader of converging the Television and the Internet throughout the Caribbean countries, and Broadcast International (BULLETIN BOARD: BCST) jointly announced today that Net2Vu has licensed CodecSys(TM) Software from Broadcast International to optimize the video flow throughout the extended Net2Vu network. Terms of the agreement provide licenses for several systems in support of hundreds of channels to be deployed within the Net2Vu network and calls for CodecSys to be the central encoding, transcoding, and optimization platform for all of the company's authorized rich-media content services.
With Net2Vu's advanced platform, users can view the world on their TV through their secured internet connection. Net2Vu is redefining the home television experience by bringing millions of free internet video services from around the world directly to the TV -- along with the popular linear TV channels that subscribers require including movies on demand -- all of this without a computer. The Net2Vu platform transforms the TV set into a powerful multimedia hub with an unbelievable level of choice and ease in accessing digital entertainment.
Net2Vu selected the CodecSys software platform to be the core engine that processes all incoming video -- whether from TV programming or from video-based websites from around the globe. In order to efficiently aggregate the myriad of video formats in both live and file-based services, Net2Vu needed a product secured by a conditional access system that could process a variety of formats, bitrates, and quality levels in a dynamic setting. CodecSys(TM) from Broadcast International enables Net2Vu to do just that.
"We have an aggressive vision of providing advanced Internet-type services through the more comfortable medium of the television. In order to maintain the quality levels that viewers and content providers demand, we need a solution that gives us the ability to deliver multiple video formats at bandwidth rates that are much smaller than traditionally seen," said Harold Morley, Chairman. "We found that CodecSys promises the elusive goal of delivering cinema-quality encrypted video at very low bandwidth. That advanced ability, coupled with the open, standards-based software architecture of this secure platform made it the perfect choice for us"
CodecSys(TM) is a breakthrough, multi-codec video compression software platform that dramatically reduces video bandwidth requirements over satellite, cable, IP and wireless networks. By slashing bandwidth needs, CodecSys enables a new generation of applications such as Net2Vu's convergence of user-contributed video with production quality licensed video programming.
"We are pleased that Net2Vu has selected our CodecSys software framework to optimize their video content. We are seeing tremendous performance results when combined with forward-thinking providers like Net2Vu who are accelerating the combination of free Internet video services along with traditional pay TV content. And with the flexibility of our platform, Net2Vu can easily expand and upgrade their systems as they grow without having to rip out any legacy hardware," said Rod Tiede, CEO, Broadcast International.
About Broadcast International
Broadcast International is a leading provider of video-powered broadcast solutions, including IP, and digital satellite, Internet streaming and other types of wired/wireless network distribution. BI's patented CodecSys software is a breakthrough, multi-codec video compression technology that cuts video bandwidth requirements over satellite, cable, IP and wireless networks. By slashing bandwidth needs, CodecSys enables a new generation of applications such as streaming video to cell phones, and offers unprecedented price/ performance benefits for existing applications such as HD video.
Broadcast International is a public company (OTC BB: BCST) headquartered in Salt Lake City, UT. For more information, visit: www.brin.com and www.codecsys.com.
About Net2Vu
Net2Vu Inc. a new Internet entertainment company and IPTV operator in the Caribbean providing customers in the Caribbean region with licensed TV channels from all over the world, Over The Top free Video services from hundreds of video web sites, Online radio & TV stations, and movies on demand delivered directly to their TV through the IPTV platform, under the brand Net2Vu.
Net2Vu expects to soon broaden its offering to include service to North America followed by expansion into South America for service in Latin countries.
Net2Vu is based in the British Virgin Islands with offices in many Caribbean countries. The company uses a Content Aggregator, ManyCast Consultancy Inc to acquire the linear channels and movies on demand content on a per territory basis. For more information, please visit http://www.net2vu.com/
Forward-Looking Statements
All statements in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the caption "Additional Factors That May Affect Our Business" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto. In addition, we operate in a highly competitive and rapidly changing environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise any forward-looking statement.
Source: Broadcast International; Net2Vu Inc.
CONTACT: Steve Jones of Broadcast International, +1-801-562-2252,
stevej@brin.com
Web Site: http://www.brin.com/
http://www.net2vu.com/
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